France, Peru finalise tax treaty negotiations
Peru’s Ministry of Foreign Affairs announced that France and Peru have completed negotiations on a tax agreement. Peru’s Ministry of Foreign Affairs announced that France and Peru have finalised negotiations on a bilateral tax agreement  on
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France updates shareholder interest deductibility rates
The New maximum deductible interest rates are published for fiscal years ending between 30 June and 29 September 2025. The French tax authority has published new interest rates for determining the deductibility of interest payments to
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Belgium extends deadline for thematic investment deduction certificate filing
 The extension is limited to 30 June 2026, except for deadlines within three months of that date, with up to 40% deduction rates for sustainable transition investments. Belgium’s Federal Public Service for Finance has published the royal
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EU moves to cut tariffs under trade deal with US
These steps contribute to restoring stability and predictability in EU-US trade and investment relations, to the benefit of business, workers and citizens. On 28 August 2025, the European Commission presented two proposals to advance the
See MoreEU urges stricter customs oversight on non-compliant goods
The EU Commission’s report highlighted that customs authorities have improved in intercepting non-compliant goods; however, e-commerce growth has outpaced enforcement, with 13 items per million refused entry in 2024 due to safety or compliance
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Poland: President approves law requiring nationwide e-invoicing systemÂ
The phased implementation begins with the largest taxpayers, requiring those with 2024 sales over PLN 200 million to comply by 1 February 2026. Poland’s President signed into law a mandate on 27 August 2025, for the national electronic
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Cyprus: DRCIP mandates submission of beneficial owner details in the registry by 31 December
Failure to comply with the deadline may result in financial penalties of up to EUR 5,000. The Cyprus Department of Registrar of Companies and Intellectual Property (DRCIP) mandated on 25 August 2025 that all companies established or registered
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Ireland: Revenue updates guidance on filing corporation tax returns for 2023, 2024
Irish Revenue released updated guidance on completing Corporation Tax Returns (Form CT1) for the 2023 and 2024 tax years. The Irish Revenue has published eBrief No. 164/25 on 27 August 2025 clarifying updates to the Tax and Duty Manual Part
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Poland: President rejects bill to ease fiscal offence penalties
The government’s deregulation package, vetoed by the President, would have cut maximum fines for tax offences from PLN 44.8 million to PLN 29.9 million and from PLN 14.9 million to PLN 7.5 million. Poland’s President Karol Nawrocki
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Luxembourg clarifies collective investment vehicle rules
Luxembourg Tax Authorities clarify which investment funds qualify as ‘Collective Investment Vehicles’ under Article 168quater (2) LITL, outlining conditions for widely held, diversified and regulated entities. The Luxembourg Tax Authorities
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Romania: Government proposes draft law to enforce small business VAT scheme
The draft law raises the VAT exemption threshold for small businesses to RON 395,000, with the SME scheme ceasing once national or EU turnover exceeds EUR 100,000. Romania’s government published a draft law for public consultation on 20
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Greece: Parliament considers ratification of bill to renew tax treaty with UAE
The Greek Parliament is reviewing a draft bill, submitted on 26 August 2025, to ratify the exchange of notes with the UAE concerning the renewed application of the countries’ bilateral tax treaty. The agreement, formalised through an exchange
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Romania: ANAF updates VAT reporting rules following rate increase
The draft law amends the VAT Statement 394 to align it with the VAT rate increases to 21% and 11% effective from 1 August 2025. Romania’s National Agency for Fiscal Administration (ANAF) released a draft law on 25 August 2025 to update the
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Denmark consults tax-free share options for startup employees
Denmark seeks public feedback on a bill that would let smaller startups offer unlimited tax-free employee shares under relaxed eligibility rules. The Danish Ministry of Taxation has initiated a consultation on a bill that would widen access to
See MoreBelgium delays VAT chain modernisation measures
A new start date for the modernisation of the VAT has not been announced. Belgium’s Federal Public Service for Finance announced, on 26 August 2025, that the implementation of Belgium’s VAT chain modernisation measures has been
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Romania: MoF issues draft ordinance, proposes amendments to global minimum tax rules and direct taxes outlined in Fiscal Code
The Ministry of Finance has proposed legislative amendments to the Pillar Two global minimum tax and corporate income tax in the Fiscal Code. Romania’s Ministry of Finance has recently introduced two legislative amendments: one proposes
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Netherlands joins GIR MCAA
As of the OECD update of 26 August 2025, the GIR MCAA has been signed by 15 jurisdictions. The Netherlands has signed the Multilateral Competent Authority Agreement on the Exchange of GloBE Information (GIR MCAA), under Pillar Two of the OECD/G20
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Italy extends deadline for comprehensive overhaul of tax system
The reform reduces tax burdens, improves legal certainty, implements OECD BEPS Pillar Two and seeks to attract foreign investment. Italy has published Law No. 120 of 8 August 2025 in the Official Gazette No. 184 of 9 August 2025, announcing the
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